Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

The Daily Candle Tells The Story (MUST WATCH)🚨

6 Mar 2026 · 1 min

Watch on YouTube

0:54

In this monologue, the trader explains that the daily candlestick is the cornerstone of his trading methodology. He focuses on the open and close of the daily candle, treating the price path between them as a narrative that guides trade placement. By observing yesterday’s auction dynamics and current price action, he looks for rejections of the day’s high or low as critical signals. Real‑world supply‑demand stories—such as disruptions in egg supply or heavy selling in orange juice—are used to illustrate how auction pressure translates into price moves. The speaker emphasizes that this daily‑candle‑centric view forms the bare‑bones of a surprisingly simple trading strategy.

Chapters

I look at a daily candle as being my most important information. The data in the daily candle is what I really need to know. Now, if the open's here and the close is here, and let's say we're drawing a line graph, it's going to do something like this, you know, all day to get to that point. But it's this information in here is where my trades are going to be placed. I use the information of yesterday's auction and the current price action to make those decisions. As I get this information every day, if something rejects a high or rejects a low, that's going to be really, really important for me. Let's say like in America they're having the issues with eggs or whatever. If obviously Basically, we're having issues with supply. We're going to get— auction is going to get higher throughout the day. Orange juice at the moment, or what was going on, it sold off very heavily. We were really, really high at the point where the prices are too high. People are going to start to produce too much more, and then supply is going to kick into the market, and then it's going to sell off, right? Essentially, every single day, this is on my mind. That's the bare bones and the start of the strategy. The actual strategy is even simpler than that.